The shares of NB Plc were admitted to trading on the floor of The Nigerian Stock Exchange on 5th September, 1973. Currently, NB Plc is the second most capitalised company on The Nigerian Stock Exchange.
With about 111,343 shareholders as at 30 th September, 2017, the authorised share capital of NB Plc is N5billion, divided into 10 billion shares of 50kobo each.
The issued share capital as at 30 th September, 2017 stood at N3,998,451,025.50 divided into 7,996,902,051 ordinary shares of 50 kobo each. As at 30 th September, 2017, Heineken N.V has a majority shareholding of approximately 55.95% while approximately 44.05% is held by Nigerian and foreign individuals and associations.
On the 25 th of October, 2017, the Board of Directors of the company declared an interim dividend of N7,996,902,051 (Seven billion, nine hundred and ninety six million, nine hundred and two thousand and fifty one naira only), that is, N1.00 (one naira only) per ordinary share of 50 kobo in the share capital of the Company. The Interim dividend is payable on Thursday, 23 rd November, 2017 to all shareholders registered in the books of the Company at the close of business on Wednesday, 15 th November, 2017. The Interim Dividend shall be paid subject to the deduction of withholding tax at the appropriate rates. For the purpose of the Interim dividend, the Register of Members and Transfer Books will be closed from Thursday, 16 th of November, 2017 to Wednesday, 22 nd of November, 2017 (both dates inclusive) for the preparation of an updated Register of Members.
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Despite a continued challenging operating environment, Revenue in the first nine months of the year grew double digit compared to the corresponding period of 2016. The changing market dynamics resulted in increased costs and expenses. However, the continued focus on internal efficiencies under the Cost Leadership programme led to improved Results from Operating Activities (Operating Profit), which combined with lower Net Finance Charges, resulted in increased profitability for the period.
Whilst the operating environment for the remainder of the year is expected to remain challenging, the Board is confident that, barring unforeseen circumstances, the Company is well placed to deliver a good return on investment to Shareholders.